JHS Svendgaard Laboratories IPO
JHS Svendgaard Laboratories IPO — date, price band, lot size & details 2006
JHS Svendgaard Laboratories listed on 23 Oct 2006 at ₹57.3, 1.2% below the ₹58 issue price.
JHS Svendgaard Laboratories makes toothbrushes, toothpaste and other oral care products as a contract maker for national and international brands, in Himachal Pradesh. It was formed in October 2004.
Stock price
JHS Svendgaard Laboratories is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 26 Sep 2006
- Close 04 Oct 2006
- Allotment TBA
- Refund/credit TBA
- Listing 23 Oct 2006
Issue summary
The terms of the offer, as filed.
| IPO Dates | 26 Sep to 4 Oct, 2006 |
|---|---|
| Price Band | ₹49 – ₹58 |
| Face Value | ₹10 |
| Lot Size | 120 Shares |
| Issue Size | ₹38.86 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,960 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 120 shares at the ₹58 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 120 | ₹6,960 |
| Retail (max) | 28 | 3,360 | ₹1,94,880 |
| S-HNI (min) | 29 | 3,480 | ₹2,01,840 |
| S-HNI (max) | 143 | 17,160 | ₹9,95,280 |
| B-HNI (min) | 144 | 17,280 | ₹10,02,240 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01It made 58 Million toothbrushes in 2005-06, above its installed capacity of 40 Million.
- 02It planned to raise toothbrush capacity to 70 million a year and toothpaste to 2250 tonnes.
- 03Profit after tax was Rs 4.03 crore in FY2006, its first full year.
- 04Net worth was Rs 13.60 crore on 31 March 2006.
Risks · 5
- 01It was a young company, formed in October 2004, with only 1 full year of results before the IPO.
- 02As a contract maker it depended on brand owners' orders and audits; it had only 89 employees.
- 03Most of its exports went to developed markets with strict rules on manufacturing and labour; it ran toothbrush output at 145% of rated capacity.
- 04Rs 40.13 crore of the planned spending was for plant and machinery for new capacity.
- 05Promoter and promoter group holding fell from 97.71% before the issue to 49.33% after it.
The numbers
All figures in ₹ crore, as reported in the JHS Svendgaard Laboratories offer document.
| Metric | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|
| Assets | 27.24 | 0.83 |
| Profit After Tax | 4.03 | 0.00 |
| NET Worth | 13.60 | -0.03 |
| Reserves and Surplus | 7.80 | 0.00 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the JHS Svendgaard Laboratories RHP.
Where the money goes
₹60.36 Cr of the issue is earmarked to named objects.
About the company
It makes oral and dental care products as a contract manufacturer for various national and international brands, and also sells toothpaste under its own TAAZGI brand locally.
In 2005-06 it made 58 Million conventional toothbrushes, against an installed capacity of 40 Million, and 303.18 Tonnes of toothpaste. It had 89 employees as on 31 August 2006.
The IPO was a fresh issue at Rs 58, the top of the Rs 49 to Rs 58 band. The money was for an integrated facility at Kala Amb and expansion of an existing unit, mostly for plant and machinery.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
JHS Svendgaard Laboratories IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Centrum Capital Ltd.
27 issues handledBest listing: Nandan Exim (+140.0%). Weakest: Prime Focus (-22.8%).
Bajaj Capital Ltd
3 issues handledBest listing: Nova AgriTech (+34.1%). Weakest: Manoj Vaibhav Gems 'N' Jewellers (0.0%).
Axis Bank Ltd
9 issues handledBest listing: KNR Constructions (+23.5%). Weakest: Innoventive Industries (-4.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of JHS Svendgaard Laboratories?
The current Grey Market Premium is ₹0.
What is the JHS Svendgaard Laboratories IPO price band?
₹49 to ₹58, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 23 October 2006.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
